TEOSENG Monitor for Entry at Strong Support

Fundamental Analysis

Teoseng is under poultry sector in Malaysia. Malaysia currently under MCO 2.0 lockdown, and potentially an extension of lockdown.

Festivals seasons for Poultry Sector like Teoseng consider as Peak Seasons.
With MCO 2.0 lockdown in Malaysia, Restaurants & Business cannot operate as usual.
It will impact Teoseng Fundamentals Business Performance for the upcoming 2-3 quarters.

Therefore, fundamentally, the prospect of the sector will not be great!

Technical Analysis

Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.

1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits

Good Favourable Risks-to-Reward for myself on Teoseng will be around Major Support area . Will Monitor and return to Teoseng if reach this Major Support Area .

I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!


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